Torex Gold Resources (TSE:TXG) Price Target Raised to C$70.00 at National Bankshares

Torex Gold Resources (TSE:TXG) had its price objective raised by National Bankshares from C$61.50 to C$70.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on TXG. BMO Capital Markets boosted their target price on shares of Torex Gold Resources from C$44.00 to C$56.00 in a report on Friday, May 2nd. TD Securities boosted their target price on shares of Torex Gold Resources from C$39.00 to C$57.00 in a report on Tuesday, April 15th. Cibc World Mkts upgraded shares of Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Desjardins restated a “buy” rating on shares of Torex Gold Resources in a research note on Thursday, April 24th. Finally, Cormark boosted their price target on Torex Gold Resources from C$46.00 to C$55.00 in a research note on Monday, April 14th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$50.78.

Torex Gold Resources Stock Performance

Shares of Torex Gold Resources stock opened at C$43.46 on Thursday. The company has a market capitalization of C$2.64 billion, a PE ratio of 23.37, a P/E/G ratio of 0.02 and a beta of 1.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 2.12 and a current ratio of 1.00. The company has a 50-day simple moving average of C$41.63 and a two-hundred day simple moving average of C$34.17. Torex Gold Resources has a one year low of C$19.01 and a one year high of C$49.07.

About Torex Gold Resources

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala.